What are Smart Contracts?

A smart contract is a digital set of rules and policies online which are mandatory to confirm the veracity of a contract between two or more parties. The importance of smart contracts can be understood by considering the following:

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Automation

Any event could be followed by the inception of a smart contract.

Testimonial

Backup

There are multiple ledgers which save several copies of data.

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Autonomy

Smart contracts are concrete and autonomous, once they are executed.

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Savings

Cost cutting can be ensured with the removal of the third force

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Trust

Open and known to everyone around.

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Accuracy

Human errors get minimized with smart contracts and work gets a lot faster.

SMART CONTRACTS DEVELOPMENT PROCESS

Requirement Gathering

  • Understanding the requirements for new and existing application
  • Identify business logic to be migrated to Smart Contracts
  • Roadmap of the Product

ideationTechnical Design

  • Smart Contracts Definition Document
  • Create Data Flow diagrams
  • Design Technical Architecture
  • Document technical GDPR compliance requirement
  • Create sprints and delivery milestones

ideationDevelopment

  • Alpha
  • Beta
  • Release Candidate
  • Production

ideationDeployment

  • Provisioning
  • Deploy on Main Network

ideationUpgrades

  • Requirements gathering
  • Backlog prioritization
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Contact

Have questions? We’re happy to help.

Contact us with any questions regarding Blockahead.

  • Office # 12, DMCC Business Center, AG
         Tower ,Jumeirah Lake Towers, Dubai,
         UAE, PO Box 191815
  • help@blockahead.com
  • +971-543256936